Distinguished Duke Energy leader, Paul Newton, to retire in August

June 30, 2015

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RALEIGH, N.C. - Paul Newton, Duke Energy state president - North Carolina, will retire from the company on Aug. 31, 2015.

"Paul is highly respected for his extensive industry knowledge and his commitment to doing whats right for employees and customers," said Lloyd Yates, executive vice president market solutions and president, Carolinas region. "Paul and his team have long championed initiatives to keep costs low and electricity reliable for all North Carolinians."

"Some of their more recent successes include gaining approval for Duke Energy Progress to purchase the North Carolina Eastern Municipal Power Agency's generating assets and the passage of the Mountain Energy Act of 2015, which will help expedite energy modernization efforts in Asheville, N.C. and surrounding communities," Yates added.

Newton began his career with Duke Power in October 1990 as a senior attorney. He has held a number of leadership positions throughout his career, including vice president and general counsel and senior vice president of strategy, rates, wholesale customers, commodities and analytics.

Newton was named state president - North Carolina in 2013, where the company serves approximately 3.2 million customers.

"I am fortunate to have spent the last 25 years working with good, caring people, in the state I love," Newton said. "It has been an honor and privilege to serve Duke Energy's North Carolina customers."

Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at duke-energy.com.